MOOD AND MOTION AG
Neue Sentimental Film english
New wind in Neue Sentimental Film AG’s sails after restructuring
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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New wind in Neue Sentimental Film AG’s sails after restructuring
Frankfurt, March 26, 2002 – During today’s financials press conference, Neue
Sentimental Film AG – a leading producer of high-emotion brand images –
confirmed the provisional figures for 2001 released a few weeks ago. The
Managing Board confirmed its goal of 30% growth and moving into the black in
2002.
Neue Sentimental Film AG recorded total sales of EUR 34.56 mln. in fiscal year
2001. However the exceptionally difficult market conditions, which led to
project delays and cancellations in the US in particular, and the one-off
extraordinary effect of the extensive set-up costs of forming the company’s own
international subsidiaries depressed the overall result. As part of its
conservative accounting policy, the company has written down all foreseeable
risks and reduced these to a minimum. As a result, EBIT for the year as a whole
totals EUR -9.47 mln (previous year: EUR +3.40 mln). If extraordinary factors
with a one-off effect on the annual earnings are not taken into account,
adjusted EBIT totals EUR -3.93 mln. The company had an average number of 127
permanent employees in 2001. Neue Sentimental Film AG thus confirmed its
provisional figures for fiscal year 2001 announced a few weeks ago.
The company is forecasting strong sales growth in excess of 30% for 2002. Neue
Sentimental Film AG has experienced an order boom in the first few weeks of the
new year from customers such as Deutsche Post AG, Burger King, Henkel, Postbank,
ZDF, VW-Autostadt and Dr. Oetker. The Frankfurt-based company, which realizes
advertising spots, music videos and innovative forms of Internet advertising,
believes that the advertising sector is recovering. As a result, Neue
Sentimental Film AG is forecasting sales of EUR 45 mln. in 2002 with positive
earnings. Earnings in the first and second quarters will remain negative, as the
full effect of the restructuring measures will only start to make itself felt
in the second half of 2002. The company’s excellent capital structure means that
its long-term expansion is secure. The company has been able to win many top
international directors in the past few months thanks to its international
network.
end of ad-hoc-announcement (c)DGAP 26.03.2002
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WKN: 534 140; ISIN: DE0005341408; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
260754 Mär 02
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